Lower EPF contribution for foreign workers reduces overall wage expenditure

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The story "Lower EPF contribution for foreign workers reduces overall wage expenditure" was covered 10 hours ago by The Star, a news publisher based in Malaysia.

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The Star 10h ago

Lower EPF contribution for foreign workers reduces overall wage expenditure - The Star

Quick Summary:

KUALA LUMPUR: The government’s decision to set the Employees Provident Fund (EPF) contribution rate for foreign workers at two per cent - lower than the initially proposed 12 per cent - helps employers reduce overall wage expenditure.

During the tabling of Budget 2025 in October last year, Anwar announced the government's plan to make EPF contributions compulsory for all non-citizen workers.

"For the country to attract high-quality foreign investments and build a competitive workforce, it is crucial that we focus on upskilling the local workforce and attracting skilled foreign talents,” he said.